Posted on Jun 5, 2022
Today's Pump Pain: Worse Than 2008 Gas Prices? | Kiplinger
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June 2022 fuel prices are high, but 2008 fuel prices were higher after adjusting for inflation
Today's Pump Pain: Worse Than 2008 Gas Prices? | Kiplinger
Posted from kiplinger.comPosted in these groups: 
Money
Oil and Energy
Money Oil and Energy
Posted >1 y ago
Responses: 2
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"According to this inflation calculator from the Bureau of Labor Statistics, $4.11 in July 2008 is equal to $5.40 in today's dollars." If pay has not also risen much since then (2008) then it's not really a apples to oranges comparison. Fed. Min wage in 08 was $6.55, it increased the next year to $7.25
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LTC David Brown
I was thinking along your same lines. Wages haven’t kept pace with inflation so even though gas prices in real terms are less than in 2008 the perception is worse because wages haven’t kept upanfd everything else is going up.
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